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mortgage loan closer

A professional who schedules loan closing and compiles and types closing documents. Respnsibilities include:

  • Reviews approved mortgage loan to determine conditions that must be met prior to closing, such as purchase of private mortgage insurance.
  • Calls borrower, real estate broker, and title company to request specified documents, such as receipt for payment of outstanding tax bill.
  • Verifies accuracy and consistency of specifications on documents, such as title abstract and insurance forms.
  • Calls borrower, broker, and other specified individuals to arrange time and date for closing.
  • Answers questions regarding closing requirements.
  • Enters numbers and calculates loan interest and principal payment, and closing costs, using computer or factor table and calculator.
  • Types closing documents.
  • Assembles documents for delivery to title company, real estate broker, or lending officer for closing.
  • Records loan information in log and on government reporting forms, using computer.
  • May compile closed loan forms for delivery to marketing department for sale to investors.
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